Tag Archives: scientific modeling

Jason Smith comments on J. W. Mason and Arun Jayadev on MMT and conventional economics from the point of view of scientific modeling in macro.Information Transfer EconomicsWhat do equations mean?Jason Smith

I think there are two separate issues here that depend on intent. "P-hacking" likely implies intent, and that is not necessarily a factor in all cases, and it may well not be in many if not most cases. In some cases there may be intent to persuade by playing loose, or even to deceive. I recall that How to Lie with Statistics was required reading in the Stat 101 course I took over fifty years ago. But this is not the only issue. As Richard Feynman famously observed, science is about...

Important from the perspective of philosophy of science.Perhaps the most significant line is the last one: What is needed is new mathematics that will render these notions scientific,” he said. Then, perhaps, we’ll understand what we’ve been arguing about for so long. Recall that Newton had to develop the calculus as a new mathematical notation in order to express his discoveries in classical physics.Quanta MagazineQuantum Theory Rebuilt From Simple Physical Principles Philip Ball